UK firm Astaire Securities pushes Phorm-Webwise, 15 Jun 2009

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The controversal company Phorm, which runs the behavioral profiling, interception and advertising injection system "Webwise" is currently trying to sell shares. Astaire Securities, a UK brokerage, has been touting the stock to investors with this private BUY coverage.

Some suspect that Phorm is duping investors with misleading statements to the market, such as "We believe that Phorm's technology sets a new standard for consumer protection, a view endorsed by the UK's Home Office, the Prime Minister's Office and the Office of the Information Commissioner."

See also this thread (with the target price lifted 7 pounds!):

http://www.stockopedia.co.uk/forum/view/PHRM/2667

See especially end of page 9 then page 10 of the thread.

Categories: Leaked files | 2009 | 2009-06 | Analysis requested | United Kingdom | Company | Astaire Securities | English